"We are excited to bring the petrol variant of V40 Cross Country to India. Buoyed by the growing acceptance of V40 Cross Country since June 2013 when we launched it here, we have now decided to bring in the petrol variant at a very competitive pricing in order to increase our reach further,"Ernberg said.

Currently V40 Cross Country is the only car in India by Volvo Cars that is available in both in diesel and petrol versions.

The company sold 1,200 cars last year and the target for current year is 2,000 cars.

The company has already registered 100 per cent jump in car sales in the first quarter of this year by selling 500 cars as compared to 270 in the same period last year, Ernberg said.

The company also plans to launch two new luxury models in the next 4-5 months, as Indian luxury market has good potential to grow, he said, adding that the current 20,000 luxury car market of the country will grow to 1,00,000 in next 4-5 years period.

The company sells five luxury models, which includes Volvo S80, Volvo S60, Volvo XC60, Volvo V40 Cross Country and Volvo XC90.